---
title: "SPAC Mercator Acquisition prices $150 million IPO, as Hondius Capital targets financial tech"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292207929.md"
description: "Mercator Acquisition, a SPAC led by Hondius Capital Management targeting financial technology, priced its IPO at $150 million. The offering consists of 15 million units at $10 each, reduced from an initial 25 million. Each unit includes one share and half a warrant exercisable at $11.50. The company will trade on Nasdaq under MRCOU, with Clear Street as sole bookrunner."
datetime: "2026-07-09T13:41:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292207929.md)
  - [en](https://longbridge.com/en/news/292207929.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292207929.md)
generator: "portal-rs"
---

# SPAC Mercator Acquisition prices $150 million IPO, as Hondius Capital targets financial tech

Mercator Acquisition, a blank check company formed by Hondius Capital Management targeting financial technology, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.

The company originally filed to offer 25 million units at $10, before it decreased the share offering on July 2.

Mercator Acquisition is led by **CEO and Chairman Shawn Matthews**, the founder and CIO of alternative investment firm Hondius Capital Management. He is joined by **CFO Steve Bischoff** and **President Shawn Matthews Jr**. The SPAC plans to target technology and software infrastructure companies whose products and services target financial services, real estate, and asset management companies. 

Management's previous SPACs include **HCM IV Acquisition** (HACQU) which went public this past February; **HCM III Acquisition** (HCMAU), which went public last August; HCM II Acquisition, which completed its combination with nuclear reactor developer **Terrestrial Energy** (IMSR) last October; and HCM Acquisition, which completed its combination with real estate company **Murano Global Investments** (MRNO) in March 2024. Terrestrial Energy briefly skyrocketed more than 150% above its offer price around the time of the de-SPAC, before the stock returned back to earth.

The Norwalk, CT-based company will trade on the Nasdaq under the symbol MRCOU. Clear Street acted as sole bookrunner on the deal.

### Related Stocks

- [MRCOU.US](https://longbridge.com/en/quote/MRCOU.US.md)
- [HACQU.US](https://longbridge.com/en/quote/HACQU.US.md)
- [HCMAU.US](https://longbridge.com/en/quote/HCMAU.US.md)
- [HCMA.US](https://longbridge.com/en/quote/HCMA.US.md)
- [HOND.US](https://longbridge.com/en/quote/HOND.US.md)
- [IMSR.US](https://longbridge.com/en/quote/IMSR.US.md)
- [MRNO.US](https://longbridge.com/en/quote/MRNO.US.md)
- [HCMAW.US](https://longbridge.com/en/quote/HCMAW.US.md)
- [IMSRW.US](https://longbridge.com/en/quote/IMSRW.US.md)
- [MRNOW.US](https://longbridge.com/en/quote/MRNOW.US.md)

## Related News & Research

- [Mercator Acquisition files quarterly report late after transmission error, SEC filing shows](https://longbridge.com/en/news/297038566.md)
- [Mercator Acquisition Q2 net loss narrows to $25,650](https://longbridge.com/en/news/296892962.md)
- [Real estate and consumer-focused SPAC Timber Road Acquisition withdraws $200 million IPO](https://longbridge.com/en/news/297232735.md)
- [BEST SPAC I Acquisition Disclosed Failure to Satisfy a Continued Listing Rule or Standard](https://longbridge.com/en/news/296902509.md)
- [Best SPAC I Acquisition flags Nasdaq listing deficiency after market value falls below $35 million minimum](https://longbridge.com/en/news/296901910.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**